Analyst, Securities Lending - Delaware

About this role

Are you an investment operations professional searching for an exciting opportunity to join a world class asset manager? If you pride yourself on building positive relationships and being part of a hardworking team with elevated performance, look no further! BlackRock is pursuing an Analyst to join our team. You will benefit from our team who recognizes that strength comes from diversity, and will embrace your skills, enthusiasm, and passion.

Technology & Operations(T&O) is responsible for the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third party provider networks. Global Investment Operations(GIO),function within T&O, is responsible for the development of the firm's operating infrastructure to support

BlackRock's investment businesses worldwide. GIO spans Trading & Market Documentation, Transaction Management, Collateral Management & Payments, Asset Servicing including Corporate Actions and Cash & Asset Operations, and Securities Lending Operations. GIO provides operational service to BlackRock's Portfolio Managers and Traders globally to ensure we provide better service to our end clients

The Securities Lending Operations team works in close alignment with the Securities Lending business, the team plays a key role in the delivery of the Securities Lending product, and in enabling the business to flexibly adapt to emerging business opportunities and client needs. It also has a meaningful role in the risk management process, as well as management of internal and external service providers. The team handles several key facets of the post-trade securities loan process, including trade support, collateral management, sufficiency management, settlement and reconciliation.

As a Securities Lending Operations Analyst, you'll work closely with colleagues globally – other operations specialists, traders, product managers, business analysts, risk managers, IT developers and client-facing teams - to support existing and new trading strategies, improve technology and reporting, and develop new products and services. You'll have a chance to create an impact by enabling the business to capitalize on special lending opportunities, improving performance and efficiency, supporting the onboarding of new inventory and the expansion of relationships with clients, borrowers and service providers.

Role Responsibility

• Manage and ensure timely loan and return settlement in all markets and resolve related issues daily.

• Ensure appropriate collateral is agreed and transacted with counterparties daily. Calculate margin requirements to ensure compliance with internal and client guidelines, and provide reporting to auditors, management and clients.

• Ensure sufficiency management is reviewed with appropriate actions taken to mitigate securities lending risks to client investment portfolios.

• Follow established procedures and perform appropriate controls (including cash, security and collateral reconciliations), while exercising good judgment in managing risk and following escalation procedures.

• Coordinate and manage internal and external service provider relationships – ensure successful delivery of contracted services, proactively address and problem solve, build and adapt service level standards and agreements to meet the evolving needs of the business.

• Build and maintain close relationships and partnerships with Securities Lending and other BlackRock colleagues (trading desk, product managers, technology teams, etc.), as well as with external service providers, custodians and counterparties.

• Develop expertise in local market practices through experience, training, classes and outside research, to ensure best of class service.

• Support the continued evolution of the Securities Lending technology platform and global process model. Participate in projects as they relate to broader business product and system development, as well as process re-design and improvement.

• Seek to influence the change of the marketplace through participation in industry associations and vendor initiatives.

Skills and Experience

• Understanding of financial markets and related instruments

• Working knowledge and understanding of securities lending

• Solid regulatory background and strong risk awareness, proceeds of APAC markets regime knowledge is a plus.

• Excellent attention to detail, problem solving/analytical abilities, research skills and able used to a high tempo working style.

• SQL/ Python Programming knowledge would be an advantage to help transform manual touch points and create efficiencies in the various workflows.

• Adaptable communication skills

• PC proficient with experience in Excel in particular

• Experience with Aladdin applications and workflows such as Dashboard, Trade Entry, Security Master and CAM would be desirable

For Wilmington, DE Only the salary range for this position is USD$66,500.00 - USD$85,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.